Medical Office with Flexible Suite
New
For Sale
Contact for pricing
125 E Tower Park Drive, Waterloo, IA 50701
Reception, exam rooms, private offices, and conference space support a range of clinical and professional functions.
Property Size9,072 SF
Price / SF$0.00
Days on Market2
Property Features for 125 E Tower Park Drive
General Information
Standard status
Active
Size
9,072 SF
Property subtype
Commercial
Zoning
C-2
Lease Type
Net
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$66,638
Amenities
Close to Shopping
City Street,Frontage Road
1.12
9072
Building Details
Building Size
9,072 SF
Year Built
1997
Buildings
1
Stories
1
Listing Agency:
Fischels Commercial Group
(319) 234-5000
Listed By:
Christopher Fischels
(319) 830-5000
Source:
Pinnaclerealtyia
Added: Oct 30
Last Checked: Oct 30 at 3:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fischels Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,072-square-foot medical office building, completed in 1997, includes a reception area, lobby and waiting room, multiple private offices and exam rooms, and a conference room. The full building is available, with the layout capable of division into two suites. C-2 zoning applies.
The property is at 125 E Tower Park Drive in Waterloo, Iowa. It fronts a city street and a frontage road and is close to shopping. On-site parking serves the building.
The property is at 125 E Tower Park Drive in Waterloo, Iowa. It fronts a city street and a frontage road and is close to shopping. On-site parking serves the building.
Key Highlights
- 9,072‑square‑foot medical office building
- Layout can be divided into two suites
- Reception area, lobby, and waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,414
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,280
$1.2M
Cap Rate 7%
$848,771
$848.8K
Cap Rate 9%
$660,156
$660.2K
Market Conditions
NOI Build-Up for 9,072 SF
Gross rent
$104.5K $11.52/SF
− Vacancy
−$25.3K −$2.79/SF
EGI
$79.2K $8.73/SF
− OpEx
−$19.8K −$2.18/SF
NOI
$59.4K $6.55/SF
Area
Black Hawk County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,280
Cap Rate 7%
$848,771
Cap Rate 9%
$660,156
Alternative Uses
Best Use
Healthcare Medical
$1.22M
$1.07M – $1.43M
NOI $85,730 @ 7.0% cap · market cap 476,277.78%
Second Best
Office B
$848.8K
$742.7K – $990.2K
NOI $59,414 @ 7.0% cap · market cap 330,077.78%
Theoretical Best
Mixed Use
$11.37M
$9.95M – $13.27M
NOI $796,068 @ 7.0% cap · market cap 4,422,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Den Herder Veterinary Hospital — 4041 Hurst Dr, Waterloo, IA 50701
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception, exam rooms, private offices, and conference space support a range of clinical and professional functions.
Where is this medical office space located?
The property is located at 125 E Tower Park Drive Waterloo, IA.
What are key features of this property?
This property features: 9,072‑square‑foot medical office building; Layout can be divided into two suites; Reception area, lobby, and waiting room
